Colorado Department of regulatory agencies	 
Division of Insurance
3 ccr 702-5
Property and Casualty
Proposed Amended Regulation 5-2-12
CONCERNING AUTOMOBILE INSURANCE CONSUMER PROTECTIONS
Section 1	Authority
This Regulation is promulgated by the Commissioner of Insurance under the authority of §§ 10-4-601.5, 10-4-119, 10-4-625, 10-4-628(3)(4), and 10-1-109, C.R.S.
Section 2	Scope And Purpose
The purpose of this regulation is to interpret and implement the provisions of Part 6 of Article 4 of Title 10 of the Colorado Revised Statutes. In addition, this regulation provides rules governing the rejection of coverage, cancellation, nonrenewal, increase in premium, and reduction in coverage on ” complying policies” of automobile insurance.
This Regulation 5-2-12 is being amended to correct statutory references and add additional language to comply with §10-4-628.
Section 4	Definitions
A.	“Complying policy” means a policy as defined in  § 10-4-601(2), C.R.S.
Section 5	Rules
A.	Installment Premium Payments
2.	Each insurer shall be required to file rules, methods or procedures to provide an installment premium payment plan and payment by automatic electronic transfer in compliance with C.R.S. 10-4-119.
B.	Rules Limiting Insurers’ Action To Refuse To Write, Cancel, Nonrenew, Increase Premium, Surcharge Or Reduce Coverages
1.	Basis for refusal to write a policy of automobile insurance.
f.	Under §10-4-628(1)(a)(b), C.R.S., an insured is entitled to protest an insurer’s action pursuant to §10-4-629, C.R.S. if the insured believes that the provisions of §10-4-628(1)(a)(b), C.R.S. have been violated.  Insurers taking any actions subject to the provisions of §10-4-628(1)(a)(b), C.R.S. shall:(1)	Send a notice as required by §10-4-629,C.R.S.;(2)	Include all necessary information in the notice as required by §10-4-629,C.R.S. and this regulation; and
(3)	Offer the right to protest the proposed action and request a hearing thereon before the Commissioner.
Section 8	Effective Date
This regulation is effective August 1, 2007.
Section 9	History
Originally issued effective February 1, 2004.
Amended regulation effective December 1, 2004.
Amended regulation effective January 1, 2007
Amended regulation effective August 1, 2007.